$EIGEN Analysis
EIGEN/USD Price Analysis – Key Levels and Trading Strategy
EIGEN is currently trading at $3.793, resting near a pivotal support at $3.70. This level has acted as a floor, making it a critical point for buyers. If it holds, we could see a reversal, but a breakdown could open the door for further downside towards $3.50.
On the upside, resistance is positioned at $3.85. A breakout above this level could ignite bullish momentum, pushing the price toward the next target of $4.00, a key psychological barrier for bulls.
Entry Strategy: Traders could consider entering near the $3.70 support with a tight stop-loss to minimize risk. For those looking to ride a breakout, an entry above $3.85 on strong volume could offer a solid opportunity, with the potential to target $4.00 or higher.
With EIGEN consolidating, keep an eye on volume—any spike could signal the next big move!
